In May 2026, the tokenised US Treasuries sector hit an unprecedented $15.35 billion in value. Institutional demand for on-chain, yield-bearing dollar assets is rising despite inflation and macro-economic uncertainty, and reaching a record high. An experimental use of blockchain technology in traditional finance has become a major capital markets infrastructure breakthrough. In two years, tokenised US Treasuries increased tenfold, from under $1 billion in early 2024 to over $10 billion in January 2026. This accelerated expansion has attracted institutional investors worldwide, who are realising that tokenisation addresses fundamental inefficiencies in traditional fixed-income markets and opens up new opportunities for capital deployment and financial innovation. Furthermore, the implications extend beyond the digitisation of these instruments. Distributed ledger technology may improve, not replace, the foundational assets of global finance as tokenised treasuries bridge traditional fin…
Tokenised treasuries, instant settlement and 24/7 markets: the future of capital markets has arrived
